Llàmiig HASPS This Week's Tabulation of Station and System Sales ($250,000 and Above) CLOSED!

llÀMiIG HASPS This week's tabulation of station and system sales ($250,000 and above) CLOSED!

by F. Lanham Lyne Jr. (50 %), Martha The sale of KRGE -AM/ PROPOSED STATION TRADES Steed Lyne Management Trust (25 %), Pe- KRIX -FM, Brownsville, By volume and number of sales ter D'Acosta (20 %) and Charles R. Hart Texas (5 %). Lyne, D'Acosta and Hart have inter- from Daytona Group of Last Week: ests in BSP Broadcasting Inc., licensee of Texas, Inc., Norman S. KJTUTV) Wichita Falls, Tex., and is licens- AM's $525,000 3 ee or permittee of five translator LPTV's Drubner, Principal to Sunbelt FM's $5,000 2 in Oklahoma and Texas. KcIT -TV is Fox Radio Group, Inc., Richard AM -FM's $16,112,978 6 affiliate on ch. 14 with 1,280 kw visual, 10 kw aural and antenna 1,521 feet above N. Lea, Principal for TV's $2,300,000 1 average terrain. Broker: Kalil & Co. Inc. $ 1,100,000. Total $18,942,978 12 KVOR(AM)- KSPZ(FM) Colorado Springs Sold by Unistar Holdings Inc. to E. Year to Date: SPZVOR Inc. for $1.5 million cash in Randall Jeffery AM's $3,775,000 15 stock purchase agreement; 100% of stock Broker FM's $30,323,362 26 will be transferred; price includes noncompete covenant. Transferor is headed by AM -FM's $26,385,978 19 Carl T. Robinson and William C. Moyes. TV's $66,085,000 7 Transferee is headed by Robinson (50 %), Total $126,569,340 67 Moyes (50 %) and Kenneth Weiland, and has no other broadcast interests. KVOR has For 1989 total or Feb. 5. 1990 BROADCASTING. newstalk format on 1300 khz with 5 kw day and I kw night. KSPZ has adult con- Providing the Broadcast Indus- KLOE(AM) -KKCI(FM) Goodland, Kan. temporary format on 92.9 mhz with 53 kw Sold by Ross Beach to Robert E. Schmidt try with Brokerage Services and antenna 2,130 feet above average ter- for $14,137,978. Price includes rain. Based Strictly on Integrity, $4,137,978 cash at closing and a $10 mil- Discretion and Results lion promissory note. Transfer includes KGRE(AM) Greeley, Co. Sold by New KCOW(AMI- KAAQ(FM) Alliance and KOOQ- Directions Media Inc. to Keith M. Ashton (AM)-KELN(FM) North Platte, both Nebras- Sr. for $275,000 cash at closing. Seller is RANDALL E. JEFFERY ka; KWBW(AM)- KHUT(FM) Hutchinson, headed by Robert D. Zellmer and Marjorie KAYS(AM) -KHAZ(FM) Hays, and KHOKIFMI M. Zellmer (80.5 %) and Paul L. Coates, 407-295-2572 is Great Bend, all Kansas, and KFEQ(AM) St. and licensee of KKGZ(AM) Brush and ELLIOT B. EVERS Joseph, Mo. Beach is transferring 60% of KRDZ(AMI- KATR -FM Wray, both Colorado. 415-391-4877 outstanding stock to KAYS Inc., headed Robert Zellmer is general partner of by Schmidt. He owns 49.3% of KAYS, KKDD FM Broadcasters, licensee of BRIAN E. COBB licensee of KAYS -KHAZ, KHOK, KKCI and KKDD(FM) Brush, Co. Buyer, Ashton, CHARLES E. GIDDENS KVOP(AMI- KATX(FM) Plainview, Tex. along with his wife Valerie Ashton jointly 703-827-2727 KAYS also owns cable TV systems in own minority stock interest in assignor and Hays, Goodland, Ellis, Wakeeney, Russell have no other broadcast interests. KGRE is fulltimer with country format on 1450 khz and Hoxie. all Kansas. Schmidt also owns RADIO and TELEVISION BROKERAGE 49.3% of KFEQ Inc., licensee of KFEQ- with 1 kw. FINANCING APPRAISALS (AM); 40% of KLOE Inc., licensee of KKMX-AM -FM Hayden, Co. Sold by Ra- KLOE(AM) and KCOW(AM)- KAAQ(FM); 50% dio Colorado to Gardiner Broadcast Part- of Valley Communications Inc., licensee ners Ltd. for $275,000. Price includes of KOOQ(AM) -KELN(FM), and 49.3% voting $190,000 cash at closing. $10,000 escrow stock of Beach Schmidt Inc. Station licens- deposit, $75,000 five -year promissory v I ees are also headed by Norman W. Jeter note at 10% and five -year noncompete and Kenneth R. Braun. KLOE has an adult covenant. Seller is headed by Dwight H. contemporary format on 730 khz with I Gayer and has no other broadcast interests. 14A46 kw day and 50 w night. KKCI has a light Buyer is headed by Gardiner Broadcasting rock format on 100.7 mhz with 100 kw Corp.. general partner (100 %); Clifton H. and antenna 430 feet above average ter- Gardiner (75 %); Rex R. Miller (15 %), and rain. Patrick J. O'Keefe (10 %), and has no oth- MEDIA VENTURE KCIT -TV Amarillo, Tex. Sold by Ralph er broadcast interests. KKMX has CHR for- C. Wilson Industries to KCIT Acquisition mat on 1000 khz and 10 kw day. KKMX -FM PARTNERS Co. for $2.3 million cash at closing. Seller has CHR format on 95.9 mhz with 63.1 w WASHINGTON, DC is headed by Ralph C. Wilson Jr., David and antenna 602 feet above average ter- ORLANDO rain. N. Olsen, Jeffrey C. Littman and P. Jane SAN FRANCISCO Wright, and is licensee of wEVV(TV) Ev- ansville, Ind., and is 75% shareholder of For other proposed and approved sales see KICU -TV San Jose, Calif. Buyer is headed For the Record," page 47. aa1esdes Feb 41991 Business 35